SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LEVIN WAYNE

(Last)

(First)

(Middle)

2700 COLORADO AVENUE, SUITE 200

(Street)

SANTA MONICA

90404

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LIONS GATE ENTERTAINMENT CORP /CN/ [ LGF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	09/04/2008		M		40,695	A	$3.05	113,778 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		900	D	$9.69	112,878 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		5,700	D	$9.68	107,178 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		5,700	D	$9.67	101,478 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		12,366	D	$9.66	89,112 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		2,634	D	$9.65	86,478 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		1,700	D	$9.64	84,778 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		100	D	$9.63	84,678 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		3,195	D	$9.62	81,483 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		3,400	D	$9.61	78,083 ^{( 1 )}	D
Common Shares	09/04/2008		S ^{( 3 )}		5,000	D	$9.6	73,083 ^{( 1 )}	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified stock options (right to buy)	$3.05	09/04/2008		M			40,695	^{( 2 )}	09/10/2008	Common Shares	40,695	$0	0	D

Explanation of Responses:

1. Amount includes: (i) an aggregate of 62,500 restricted share units granted by the Issuer in accordance with the terms of an employment agreement between the Issuer and the reporting person, payable upon vesting in an equal number of common shares of the Issuer, that are scheduled to vest on March 31, 2009; and (ii) 3,333 restricted share units granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer, that are scheduled to vest in two equal installments on August 8, 2009 and August 8, 2010.

2. The options vested in three equal installments on September 10, 2004, 2005 and 2006. The options are scheduled to expire on September 10, 2008 and would be forfeited if not exercised.

3. Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and disclosed by the Issuer on Form 8-K on February 14, 2008.

	Wayne Levin (by Adrian Kuzycz by Power of Attorney)	09/05/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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